Strapping Devices Market

Global Strapping Devices Market Analysis and Opportunity Assessment by Automation, Product Type, End Use, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 3,714.0 Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00362

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 280

Strapping Devices Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Strapping Devices Market grew at a CAGR of 3.8% between 2017-2021 and is estimated to be US$ 4,798.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.9% and is expected to reach a valuation of US$ 8,512.3 Mn by 2032 end.

With several benefits, strapping equipment is useful for various industries and can help increase profitability. Increased demand for strapping equipment in the building, automobile, shipping, and logistics industries is driving manufacturers to increase production capacities.

Market Dynamic

GROWING DEMAND FROM THE END-USE INDUSTRY DRIVES THE MARKET

The strapping equipment market is expected to witness a high level of growth over the forecast period. Apart from this, there will be increased demand for strapping equipment across industries, including food and beverage, transportation and logistics, building and construction, and automobiles. In the recent past, the global strapping equipment market has witnessed strong growth due to the increasing industrialization and rapid industrialization in emerging countries.

HIGH INVESTMENT COSTS HAMPER THE MARKET GROWTH

Due to the high cost of the strapping equipment, small industries cannot afford to buy the production equipment, which hampers competition. As a result, the growth of this market has been slow in recent years.

GROWING DEMAND FOR CUSTOMIZABLE PACKAGING PROJECTS WILL CREATE MORE OPPORTUNITIES FOR THE MARKET

In the upcoming years, there are expected to be many opportunities for the adoption of Strapping Devices systems due to the launch of customizable strapping machines will further expand the future growth of the strapping equipment market. Rising demand for customized strapping machines is expected to be attributed to the rapidly increasing automation of loading operations and a need for an efficient supply chain.

Strapping Devices Market

Market Segments Covered in Report

By Automation:

  • Manual
  • Semi-automatic
  • Automatic

By Product Type:

  • Horizontal Strapping Machine
  • Vertical Strapping Machine

By End Use Industry:

  • Shipping & Logistics
  • Food & Beverages
  • Building & Construction
  • Electrical & Electronics
  • Household Appliances
  • Automobile

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which Strapping Equipment is projected to ensure the most revenue during the forecast period?

Automatic strapping equipment has 60.0% of the market share and has been shaped by transportation, warehousing, and logistics developments since 2005. Demand will increase at a 5.5% CAGR over the next ten years with applications including pack & ship and post-manufacturing processing. It is estimated that this sector will account for 29% of all growth over the next decade.

Why is the food & beverage segment expected to expand the fastest during the forecast period?

Food & beverage accounted for the largest segment using strapping machines for wrapping and packaging. The rising importance of packaging to protect food & beverage products has become a crucial factor driving demand.

Specially designed machines are used in packaging food, beverages, and other products. The strapping system, which is very beneficial in keeping the goods dry, safe, and secure while in transit, is another feature that makes strapping very important.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the Europe market held a sizeable revenue share of 30.5%. The European strapping machine market is driven by the high adoption of strapping machines for the food packaging industry, which has been increasing. The growing demand for processed food products in Europe is expected to contribute toward the growth of the food & beverage industry, which, in turn, is likely to drive the development of the strapping machine market over the forecast period.
  • The Asia Pacific region is expected to remain the fastest-growing market for strapping machines due to increased income levels, purchasing decisions, and lifestyle changes among consumers.

Competition Analysis

The strapping equipment market is expected to be highly competitive. The new technologies, rising labor costs, and growing packaging restrictions will create a critical scenario for the strapping equipment manufacturers. However, key market players are trying to stay ahead in this hectic situation by adopting the latest technologies and creating differentiated products.

Some of the key developments that have taken place in the Strapping Devices Market include:

  • In February 2022, Signode Industrial Group LLC brought new strapping tools to the market. It is a lightweight hand tool for BPT steel strapping with balanced features. It is employed in mobile and heavy-duty stationary applications that require high-tension forces.
  • In May 2021, A device that automatically scans the merchandise and fills the carton was created by Fromm Holding AG.

A list of some of the key suppliers present in the market are:

  • Signode Industrial Group LLC
  • Cyklop International
  • Dynaric Inc.
  • Polychem Corporation
  • Samuel, Son & Co.
  • StraPack, Corp.
  • Tiger Pack, Inc.
  • TITAN Umreifungstechnik GmbH and Co. KG
  • Fromm Holding AG
  • Hefei Seelong Import and Export Group Co. Ltd.
  • Messersi Packaging Srl
  • Mosca GmbH
  • North Shore Strapping Inc.
  • Packmaster Machinery Pvt Ltd

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Automation, Product Type, End Use Industry, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request

 

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.9%.

The strapping machine market is expected to be driven by developments related to various types of strapping machines and expansion in shipping & logistics, food & beverages, and building & construction.

Major global Strapping Devices Market players are Signode Industrial Group LLC, Cyklop International, Dynaric Inc., Polychem Corporation, Samuel, Son & Co., StraPack, Corp., Tiger Pack, Inc., TITAN Umreifungstechnik GmbH and Co. KG, Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd

Smaller firms and startups are often constrained by the high capital investment needed to deploy Strapping Devices systems.

North America is expected to account for the largest market revenue share in the Global Strapping Devices market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Strapping Devices Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Strapping Devices Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Automation W.R.T. Product Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • End-Users Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global Strapping Devices Market 2017 – 2032 By Automation
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Automation [Value (US$ Mn) and Volume (Tons) Analysis]
      • Horizontal Strapping Machine
      • Vertical Strapping Machine
    • Market Attractiveness Analysis by Automation
  11. Global Strapping Devices Market 2017 – 2032 by Product Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Horizontal Strapping Machine
      • Vertical Strapping Machine
    • Market Attractiveness Analysis by Product Type
  12. Global Strapping Devices Market 2017 – 2032 by End-Use Industry
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End Use Industry [Value (US$ Mn) and Volume (Tons) Analysis]
      • Shipping & Logistics
      • Food & Beverages
      • Building & Construction
      • Electrical & Electronics
      • Household Appliances
      • Automobile
    • Market Attractiveness Analysis by End-Use Industry
  13. Global Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Automation
      • By Product Type
      • By End Use Industry
    • Market Attractiveness Analysis
      • By Country
      • By Automation
      • By Product Type
      • By End Use Industry
  1. Latin America Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Automation
      • By Product Type
      • By End Use Industry
    • Market Attractiveness Analysis
      • By Country
      • By Automation
      • By Product Type
      • By End Use Industry
  1. Europe Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Automation
      • By Product Type
      • By End Use Industry
    • Market Attractiveness Analysis
      • By Country
      • By Automation
      • By Product Type
      • By End Use Industry
  1. Asia-Pacific Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Automation
      • By Product Type
      • By End Use Industry
    • Market Attractiveness Analysis
      • By Country
      • By Automation
      • By Product Type
      • By End Use Industry
  1. Middle East Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Automation
      • By Product Type
      • By End Use Industry
    • Market Attractiveness Analysis
      • By Country
      • By Automation
      • By Product Type
      • By End Use Industry
  1. Africa Strapping Devices Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Automation
      • By Product Type
      • By End Use Industry
    • Market Attractiveness Analysis
      • By Country
      • By Automation
      • By Product Type
      • By End Use Industry
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • Signode Industrial Group LLC
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Cyklop International
    • Dynaric Inc.
    • Polychem Corporation
    • Samuel, Son & Co.
    • StraPack, Corp.
    • Tiger Pack, Inc.
    • TITAN Umreifungstechnik GmbH and Co. KG
    • Fromm Holding AG
    • Hefei Seelong Import and Export Group Co. Ltd.
    • Messersi Packaging Srl
    • Mosca GmbH
    • North Shore Strapping Inc.
    • Packmaster Machinery Pvt Ltd
  4. Assumptions and Acronyms

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